Costa Rica: Ceramic Tile Market 2024

Ceramic Tile Market Size in Costa Rica

In 2022, the Costa Rican ceramic tile market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Ceramic Tile Exports

Exports from Costa Rica

In 2022, approx. X square meters of ceramic tiles were exported from Costa Rica; remaining constant against 2021. Over the period under review, exports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X square meters. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, ceramic tile exports reduced to $X in 2022. In general, exports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Nicaragua (X square meters), El Salvador (X square meters) and Panama (X square meters) were the main destinations of ceramic tile exports from Costa Rica, with a combined X% share of total exports. Guatemala and Honduras lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ceramic tile exported from Costa Rica were Nicaragua ($X), El Salvador ($X) and Panama ($X), together comprising X% of total exports. Guatemala and Honduras lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Guatemala, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ceramic tile export price amounted to $X per square meter, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to El Salvador ($X per square meter) and Guatemala ($X per square meter), while the average price for exports to Panama ($X per square meter) and Nicaragua ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Tile Imports

Imports into Costa Rica

After two years of growth, overseas purchases of ceramic tiles decreased by X% to X square meters in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X square meters, and then fell remarkably in the following year.

In value terms, ceramic tile imports reduced sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, Spain (X square meters) constituted the largest supplier of ceramic tile to Costa Rica, accounting for a X% share of total imports. Moreover, ceramic tile imports from Spain exceeded the figures recorded by the second-largest supplier, Mexico (X square meters), twofold. The third position in this ranking was held by Italy (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Italy (X% per year).

In value terms, Spain ($X) constituted the largest supplier of ceramic tiles to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average ceramic tile import price amounted to $X per square meter, stabilizing at the previous year. In general, the import price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Mexico ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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